IVZ media thread, page-6645

1. AFC Investment into oil and gas

   1. Angola:
      • Etu Energias (2023): AFC invested $60 million to support the private company Etu Energias in acquiring stakes in deepwater Block 14 and Block 14K from TotalEnergies and Inpex Corporation. This investment doubled Etu Energias' production capacity from 9,000 to 19,000 barrels per day.
      • Sonangol (2021-2022): AFC provided approximately $165 million to Sonangol, the state-owned oil company of Angola. This included a $100 million investment for the construction of the Cabinda oil refinery, aimed at enhancing refining capacity and reducing dependency on imported refined products.

   1. Ghana:
      • Aker Energy (2019): AFC invested $100 million in the development of the Deepwater Tano Cape Three Points block (DWTCTP), involving the private company Aker Energy. This block includes the Pecan field, which is estimated to contain about 334 million barrels of oil equivalent. The project aims to significantly boost Ghana's oil production and is a partnership with other private companies like Lukoil and Fueltrade, along with a 10% carry for the Ghana National Petroleum Corporation (GNPC), a government institution.

   1. Republic of Congo:
      • Société Nationale des Pétroles du Congo: AFC supported various upstream activities in the national oil company of the Republic of Congo, which is a government institution, facilitating exploration and production efforts.

   1. Nigeria:
      • Seven Energy: AFC's investment in Seven Energy, a private company, supported both upstream and midstream sectors. This included significant assets in gas processing and transportation crucial for Nigeria’s power generation needs.

   1. Chad:
      • Glencore/Société des Hydrocarbures du Tchad: AFC collaborated with Glencore, a private company, and Société des Hydrocarbures du Tchad, a government institution, to support oil production and infrastructure development projects.

   
   
2. 1. South Sudan:
      • Savannah Energy (2023): Part of a broader $1.25 billion acquisition of PETRONAS International Corporation Limited’s oil and gas business in South Sudan, including interests in 64 producing fields, enhancing the production capacity of Savannah Energy, a private company.

   1. Cameroon:
      • Savannah Energy (COTCo): AFC invested in Savannah Energy, which holds a significant stake in the Cameroon Oil Transportation System (COTCo), a private company. This involves both upstream and midstream operations and includes investments in renewable energy